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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.

Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $216.6M, roughly 1.0× HighPeak Energy, Inc.). Perella Weinberg Partners runs the higher net margin — 6.3% vs -11.6%, a 17.9% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -23.3%). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs -13.2%).

Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

HPK vs PWP — Head-to-Head

Bigger by revenue
PWP
PWP
1.0× larger
PWP
$219.2M
$216.6M
HPK
Growing faster (revenue YoY)
PWP
PWP
+20.4% gap
PWP
-2.9%
-23.3%
HPK
Higher net margin
PWP
PWP
17.9% more per $
PWP
6.3%
-11.6%
HPK
Faster 2-yr revenue CAGR
PWP
PWP
Annualised
PWP
46.5%
-13.2%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HPK
HPK
PWP
PWP
Revenue
$216.6M
$219.2M
Net Profit
$-25.2M
$13.8M
Gross Margin
Operating Margin
-7.6%
8.5%
Net Margin
-11.6%
6.3%
Revenue YoY
-23.3%
-2.9%
Net Profit YoY
-380.7%
EPS (diluted)
$-0.16
$0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HPK
HPK
PWP
PWP
Q4 25
$216.6M
$219.2M
Q3 25
$188.9M
$164.6M
Q2 25
$200.4M
$155.3M
Q1 25
$257.4M
$211.8M
Q4 24
$282.6M
$225.7M
Q3 24
$271.6M
$278.2M
Q2 24
$275.3M
$272.0M
Q1 24
$287.8M
$102.1M
Net Profit
HPK
HPK
PWP
PWP
Q4 25
$-25.2M
$13.8M
Q3 25
$-18.3M
$6.0M
Q2 25
$26.2M
$2.7M
Q1 25
$36.3M
$17.3M
Q4 24
$9.0M
Q3 24
$49.9M
$16.4M
Q2 24
$29.7M
$-66.0M
Q1 24
$6.4M
$-35.8M
Operating Margin
HPK
HPK
PWP
PWP
Q4 25
-7.6%
8.5%
Q3 25
17.3%
5.4%
Q2 25
21.7%
5.8%
Q1 25
35.1%
5.5%
Q4 24
26.1%
Q3 24
27.0%
12.9%
Q2 24
31.7%
-30.2%
Q1 24
35.8%
-52.4%
Net Margin
HPK
HPK
PWP
PWP
Q4 25
-11.6%
6.3%
Q3 25
-9.7%
3.6%
Q2 25
13.1%
1.8%
Q1 25
14.1%
8.2%
Q4 24
3.2%
Q3 24
18.4%
5.9%
Q2 24
10.8%
-24.3%
Q1 24
2.2%
-35.1%
EPS (diluted)
HPK
HPK
PWP
PWP
Q4 25
$-0.16
$0.11
Q3 25
$-0.15
$0.08
Q2 25
$0.19
$0.04
Q1 25
$0.26
$0.24
Q4 24
$0.06
Q3 24
$0.35
$0.24
Q2 24
$0.21
$-1.21
Q1 24
$0.05
$-0.91

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HPK
HPK
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$162.1M
$255.9M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.6B
$-127.4M
Total Assets
$3.2B
$797.6M
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPK
HPK
PWP
PWP
Q4 25
$162.1M
$255.9M
Q3 25
$164.9M
$185.5M
Q2 25
$21.9M
$145.0M
Q1 25
$51.6M
$111.2M
Q4 24
$86.6M
$407.4M
Q3 24
$135.6M
$335.1M
Q2 24
$157.9M
$185.3M
Q1 24
$173.4M
$156.7M
Total Debt
HPK
HPK
PWP
PWP
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
HPK
HPK
PWP
PWP
Q4 25
$1.6B
$-127.4M
Q3 25
$1.6B
$-302.4M
Q2 25
$1.7B
$-318.4M
Q1 25
$1.6B
$-323.1M
Q4 24
$1.6B
$-421.4M
Q3 24
$1.6B
$-360.8M
Q2 24
$1.6B
$-283.0M
Q1 24
$1.5B
$161.9M
Total Assets
HPK
HPK
PWP
PWP
Q4 25
$3.2B
$797.6M
Q3 25
$3.2B
$650.2M
Q2 25
$3.1B
$606.7M
Q1 25
$3.1B
$570.5M
Q4 24
$3.1B
$876.8M
Q3 24
$3.1B
$810.9M
Q2 24
$3.1B
$645.5M
Q1 24
$3.1B
$583.6M
Debt / Equity
HPK
HPK
PWP
PWP
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.65×
Q3 24
0.67×
Q2 24
0.70×
Q1 24
0.73×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HPK
HPK
PWP
PWP
Operating Cash FlowLast quarter
$93.1M
$34.8M
Free Cash FlowOCF − Capex
$30.5M
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$-34.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPK
HPK
PWP
PWP
Q4 25
$93.1M
$34.8M
Q3 25
$120.2M
$59.2M
Q2 25
$141.2M
$56.1M
Q1 25
$157.1M
$-176.5M
Q4 24
$139.5M
$223.4M
Q3 24
$177.1M
$200.3M
Q2 24
$202.3M
$90.0M
Q1 24
$171.4M
$-206.3M
Free Cash Flow
HPK
HPK
PWP
PWP
Q4 25
$30.5M
Q3 25
$57.6M
Q2 25
$55.3M
Q1 25
$-177.6M
Q4 24
$207.0M
Q3 24
$199.3M
Q2 24
$83.7M
Q1 24
$-214.8M
FCF Margin
HPK
HPK
PWP
PWP
Q4 25
13.9%
Q3 25
35.0%
Q2 25
35.6%
Q1 25
-83.8%
Q4 24
91.7%
Q3 24
71.6%
Q2 24
30.8%
Q1 24
-210.3%
Capex Intensity
HPK
HPK
PWP
PWP
Q4 25
2.0%
Q3 25
0.9%
Q2 25
0.5%
Q1 25
0.5%
Q4 24
7.3%
Q3 24
0.4%
Q2 24
2.3%
Q1 24
8.3%
Cash Conversion
HPK
HPK
PWP
PWP
Q4 25
2.52×
Q3 25
9.85×
Q2 25
5.39×
20.50×
Q1 25
4.32×
-10.18×
Q4 24
15.53×
Q3 24
3.55×
12.23×
Q2 24
6.81×
Q1 24
26.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HPK
HPK

Crude Oil Sales$152.1M70%
Natural Gas And NGL Sales$60.8M28%

PWP
PWP

Segment breakdown not available.

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